Garmin Reports Strong First Quarter 2016 Sales

Free cash flow

Management believes that free cash flow is an important financial measure because it represents the amount of cash provided by operations that is available for investing and defines it as operating cash flow less capital expenditures for property and equipment.

 
Garmin Ltd. And Subsidiaries
Free Cash Flow
(in thousands)
     
13-Weeks Ended
Mar 26, Mar 28,

2016

   

2015

 

 

Net cash provided by operating activities $129,387 $81,655
Less: purchases of property and equipment ($13,908 )   ($18,143 )
Free Cash Flow $115,479     $63,512  
 

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